Business

3:17 pm

Mon April 1, 2013

Electric Car Company Posts Its First Profit While Another May File For Bankruptcy

Two startup automakers with big ambitions for electric vehicles appear to be headed in different directions. Luxury plug-in hybrid maker Fisker has hired a law firm to advise it on a possible bankruptcy, according to multiple published reports. Electric car maker Tesla announced on Monday that it expects to turn its first ever profit in the first quarter.